We are determined to avoid any price increase for CPS customers, regardless of the tariff situation (10% or 25%). There are 3 ways we can do this for you:
- We have limited pre-tariff inventory for customer orders placed before SPI (now)
- We will absorb the tariff as long as possible (the sooner orders are placed, the better)
- We have factories in Malaysia, Thailand, Singapore and Vietnam (we can assemble in non-tariff operations if tariff goes to 25%)
CPS is part of Chint Group, a $7B diversified industrial company - we have options to take care of our customers.